Trump's Social Media Company Generates $4 Million in Revenue, but Valued at $5.5 Billion

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 6 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Business News

Donald Trump,Social Media,Revenue

Former president Donald Trump’s social media company generated just $4 million in revenue last year — about as much as the average McDonald’s franchise in the United States. However, Trump Media & Technology Group, which runs Truth Social, has granted Trump a share package now worth billions of dollars and has paid its leaders millions of dollars in salaries, bonuses, and stock. Despite its low revenue, Truth Social's market value is estimated to be around $5.5 billion.

Former president Donald Trump’s social media company generated just $4 million in revenue last year — about as much as the average McDonald’s franchise in the United States. However, Trump Media & Technology Group, which runs Truth Social, has granted Trump a share package now worth billions of dollars and has paid its leaders millions of dollars in salaries, bonuses, and stock.

Despite its low revenue, Truth Social's market value is estimated to be around $5.5 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines